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Published on 3/16/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Jackson, N.J., board of education calls $66.37 million of school bonds

By Tali David

Minneapolis, March 16 - Jackson Board of Education, N.J., plans to redeem all $66,366,000 of its refunding school bonds, series 2002, according to a notice.

The following notes will be redeemed at par plus an applicable premium on April 17:

• $850,000 of 5% notes due April 15, 2013;

• $1.25 million of 5% notes due April 15, 2014;

• $2.15 million of 5% notes due April 15, 2015;

• $2,675,000 of 5% notes due April 15, 2016;

• $2.88 million of 5% notes due April 15, 2017;

• $3.09 million of 5% notes due April 15, 2018;

• $3.75 million of 5% notes due April 15, 2019;

• $5.2 million of 5% notes due April 15, 2020;

• $5.42 million of 5% notes due April 15, 2021;

• $5.69 million of 5% notes due April 15, 2022;

• $5,975,000 of 5% notes due April 15, 2023;

• $6.27 million of 5% notes due April 15, 2024;

• $6.58 million of 5% notes due April 15, 2025;

• $6.91 million of 5.375% notes due April 15, 2026; and

• $7,676,000 of 5.375% notes due April 15, 2027.

The Bank of New York Mellon Trust Co., NA is the agent.


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